Suppose that in a perfectly competitive market at the, Ask an Expert

Economics

Suppose that, in a perfectly competitive market at the profit-maximizing quantity, the market price is greater than average total cost. Carefully explain what will happen to the number of firms, the market supply, and the price of the good as we move from the short run to the long run.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91370546

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